Question
Which of the following is not a feature of perfect
competition?Solution
Homogeneous products, easy entry/exit, and a large number of buyers and sellers are defining characteristics of perfect competition. "Low prices" is an outcome or a potential result of the competitive structure, not a defining feature of the market structure itself. Prices are determined by the market forces of supply and demand.
- Select the option in which the given figure is embedded (rotation is not allowed).
Select the option in which figure is embedded.
From the given answer figures, select the one in which the question figure is hidden / embedded(rotation is not allowed).
Select the option in which the given figure is embedded.
Select the option that is embedded in the given figure: (Rotation is not allowed).
Select the option in which the given figure is embedded (rotation is not allowed).
Select the option figure that is embedded in the given figure (rotation is Not allowed).
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true and the...
